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  7. Cover List (B) and (C)
  8. Exclusion List
  9. Transportation Hazards
  10. Vessels & Containers
  11. Cargoes - Packing and Packaging Table
• Freight Liability
  1. Freight Liability Insurance
  2. Information Required for underwriters
  3. Policy Wordings & Documentation
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  5. Hauliers Enquiry Form
  6. Condtions of Carriage
  7. Definition of Theft Attractive Goods
  8. Geographical Limits
• Commercial Hull & Liabilities
  1. Types of Risk
  2. Commercial Hull & Liability Risks
  3. Proposal Forms
• War
  1. War Risks Cover
  2. Comparison with A Clauses
  3. War Risks - Duration of Cover
• Claims
  1. Cargo Claims Process
  2. Freight Liability Claims Process
  3. Major Causes of Damage
• Loss Prevention
  1. Loss Prevention
  2. Cargoes Requiring Special Concideration
• Useful Information
  1. Terms of Sale - Incoterms 2000
  2. Glossary of Transport Terms
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
  3. Mini Glossary of Cargo Terms
  4. Definition of Terms
  5. Frequently Asked Questions
  6. Certificate and Registration Online
  7. Restrictive Legislation
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
• Topical Information
  1. Your Freight
  2. Cargo Relaunch with Cargo - Explained For You
  3. War in Iraq
  4. Stowaways
  5. September 11th
  6. Euros
  7. Piracy
  8. NUI's Position on Marine Cargo Policies
• About NUI Marine
  1. Why Choose NUI Cargo
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Home > Topical Information

September 11TH 2001

The events of September 11th 2001 have affected all of us and have had an effect on world trade and the cargo insurance business.

The most significant changes are:

• The dramatic hardening in both re-insurance premiums and primary rates.
• The increase in the basic War and Strikes rates and changes to the War and Strikes Schedule.
• Withdrawal and/or restrictions of re-insurance protection for terrorism for goods in land based storage outside of the ordinary course of transit.
• Reduced capacity for some insurers brought about by restrictions imposed by their re-insurers on excess of loss covers (increases in retention layers and reductions in the ceded layers).
• The nervousness and caution in the re-insurance and slip markets out of a fear of a second major hit effecting the provincial markets.
• Increased Hull and machinery rates, hitting the shipping World. Cargo customers are paying higher freight rates, which are included in the Sum Insured to which the Cargo rates are applied.
• A fall of confidence in the equity markets and the knock on effects on world trade.
• Higher security and changes in procedures and checking of cargoes, vessels and aircraft leading to greater delays and in some countries increased accumulations at entry ports and terminals.

The 9/11 events and the subsequent "war on terrorism" will continue to effect transportation practices and world trade for years to come.

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